×

Laurene Powell Jobs Picks Up Compound in Paradise

Hillary Clinton famously coined the term “It takes a village to raise a child,” and though real estate transactions are a matter of public record, it also sometimes takes a village of intrepid informants to sort out ownership of properties purchased through inscrutable blind trusts and mysterious corporate concerns. Such was the case for a multi-residence spread perched on a prime bluff above Malibu’s Paradise Point that was covertly sold in late March for $44 million to a vaguely named LLC with a Silicon Valley address. With the dogged assistance of Malibu Ken, Lucy Spillerguts, Our Fairy Godmother in Bel Air and good ol’ Yolanda Yakketyyak, we’ve uncovered a trove of circumstantial yet convincing evidence that links the property to Laurene Powell Jobs, the savvy Palo Alto-based businesswoman and philanthropist widow of Apple co-founder Steve Jobs.

The three-acre, two-parcel property in question was previously sold in 2010 for $11.5 million to investment banker-turned-aspiring politician-turned-local news media entrepreneur Jack Ryan, who might be best known as the guy who ran against Barack Obama in the 2004 U.S. Senate race in Illinois, but dropped out after unsealed divorce documents from his first marriage to actress Jeri Ryan revealed embarrassing allegations of his sexual proclivities. Ryan and his second wife, Amanda, razed the main residence to make way for a much larger Colonial-style mansion. They added a pool house and initiated renovations to the two guest cottages that sit on the sand at the bottom of the bluff. Alas, the Ryans opted not to complete the property’s extensive overhaul, and instead quietly made the property available through REX, a relatively little-known digital marketplace for residential real estate. Details are slim, but online marketing materials indicate the compound’s various residences, as planned and when complete, will comprise a dozen bedrooms and as many bathrooms in approximately 13,000-square-feet.

listing photos: REX

Popular on Variety

 

More Dirt

  • Meg Ryan House

    Meg Ryan Scoops Up Stylish Montecito Estate

    A chirpy birdie recently got in touch to let the proverbial cat out of the bag, and property records do indeed now suggest, that New York City-based film star Meg Ryan has put down some serious West Coast real estate roots with the slightly more than $5 million purchase of a newly rehabbed residence sequestered [...]

  • Calvin Harris House Los Angeles

    Calvin Harris Finally Unloads Zen-Inspired Sunset Strip Mansion

    More than four years after he first put the property up for sale, wildly successful Scottish DJ Calvin Harris has finally succeeded in unloading his sleek L.A. compound. Tucked into the lower Hollywood Hills just above the iconic Sunset Strip, the “zen-inspired” oasis features a 4,100 sq. ft. main house, a two-story detached guesthouse, and [...]

  • Jeff Zucker House New York City

    Jeff Zucker Lists New York Co-Op

    Veteran entertainment executive and CNN honcho Jeff Zucker has decided to part with his ultra-luxe cooperative unit in a handsome, prewar apartment house on a plum corner of New York City’s Upper East Side. The VIP price tag of $17.5 million is a small fortune more than the $12.3 million that tax records show the [...]

  • Luka Jones House Los Angeles

    Luka Jones’ Los Feliz City-View Perch for Sale

    Actor Luka Jones, known for his quirky roles in film and on television, is looking to shed his hillside home in Los Angeles’ Los Feliz area for not quite $1.15 million. Jones, who starred in the positively critiqued but short-lived sci-fi comedy “People of Earth” and currently portrays a sweet if slovenly and messy-bearded boyfriend [...]

  • Steven Yeun House Pasadena

    Steven Yeun Snags Pasadena Architectural

    “Walking Dead” star Steven Yeun has upgraded his residential circumstances in Los Angeles with the nearly $3.3 million purchase of a mid-century architectural in a hilly neighborhood of affluent Pasadena. All but invisible behind a high wall, secured gates and a visually impenetrable wall of foliage, the bilevel residence spans more than 3,600 square feet [...]

  • Luc Besson Charlton Heston House Beverly

    Luc Besson Seeks $14.9 Million for Charlton Heston's Longtime Estate

    For only the second time since it was commissioned in 1959, the former Los Angeles compound of the late Hollywood icon Charlton Heston has popped up for sale. Designed by modernist architect William S. Beckett, the Oscar-winning “Ben-Hur” star lived in the strikingly angular house for nearly a half-century, until his 2008 death. Tucked high [...]

  • Nile Niami House Los Angeles

    Lender Takes Over Nile Niami's $38 Million Opus Estate, Plots to Resell

    Earlier this week, Nile Niami announced he had sold his infamous Opus estate in Beverly Hills. Originally listed at $100 million, the 20,000 sq. ft. mega-mansion went for “about $40 million” in a deal involving both the property and various pricey accessories, which were sold separately. The total value of the transaction, according to Niami — [...]

More From Our Brands

Access exclusive content